Archive

Oil and gas giants' climate opacity keeps investors in the dark, CA100+ assessments show

The poor quality of climate disclosures by the 10 largest oil and gas companies globally is keeping investors in the dark and hindering their engagement efforts, analysis for the Climate Action 100+ initiative suggests.

Oil and gas giants a long way from Paris, claims Carbon Tracker

US fossil fuel firms 'most obstructive' to climate engagement

US fossil fuel companies dominate a list of the firms with the worst engagement on climate policy, think tank InfluenceMap said,...

ConocoPhillips commits to improving methane transparency

New York State pension fund targets shale firms amid further coal investment exits

The $255 billion New York State Common Retirement Fund is evaluating whether to restrict investment in 42 shale oil and gas companies, making the announcement alongside its exit from five more coal firms.

Investors give ExxonMobil, Chevron bloody nose over climate policies

US oil supermajors ExxonMobil and Chevron faced a significant investor revolt over their climate policies after a number of shareholder resolutions received majority support at their annual general meetings.

S&P warns of oil & gas downgrades amid 'transition risks'

Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.

Storebrand excludes 27 firms as it tightens climate policy

Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.

90% of Green Finance Summit participants vote for mandatory TCFD

There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.

Danish pension fund PKA engaging with 64 oil and gas giants on climate

Danish pension fund PKA has said divestment is a possibility for 64 oil and gas companies with which it is currently engaging on climate-related issues.